Utility analysis - 2

The end result of consumption - ______

• Utility

• Satisfaction

• Demand

Utility is the _____ of demand.

• End result

• Basis

• Secondary concept

• Primary concept

Initially, MU and TU are ____.

• Zero

• Maximum

• Same

• Negative

A retail trader purchasing 200 chairs from the wholesale trader shows _____.

• Service utility

• Knowledge utility

• Possession utility

• Time utility

Find the odd word:

• Disutility

• Satisfaction

• Negative utility

• Dissatisfaction

When MU is falling, TU is ________

• Not changing

• Falling

• Rising

• Maximum

Doctor : ______ :: Mobile phone : Knowledge utility

• Time utility

• Place utility

• Service utility

Toys of clay : _____ :: Service of a teacher: Service utility

• Place utility

• Possession utility

• Form utility

• Knowledge utility

Which of the following are features of utility?

• ethically neutral concept

• differs from usefulness

• differs from satisfaction

• morally colourless concept

Initially, MU and TU are ____.

• Zero

• Maximum

• Same

• Negative